Access to Finance, Financial Development and Firm Ability to Export: Experience from Asia–Pacific Countries

Kumarasamy, Durairaj; Singh, Prakash

doi:10.1111/asej.12140

Cited by 37 publications

(30 citation statements)

References 41 publications

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“…Many studies are devoted to analyzing the gender differences in the firm's access to credit (Aristei and Gallo, 2016;Asiedu et al, 2013;Aterido et al, 2013;Bellucci et al, 2010;Bruhn, 2009;Hansen and Rand, 2014;Moro et al, 2017;Muravyev et al, 2009;Piresbitero et al, 2014), while the findings of the studies are not yet definitive and provide mixed evidence as regards to the existence of a significant gender gap in the access to financial services. Another group of studies (Abor et al, 2014;Amornkitvikai and Harvie, 2018;Castagnino et al, 2013;Kumarasamy and Singh, 2018) investigate the role of access to financial services in a firm's export performance. The broad consensus in these studies is that a firm's access to finance improves its ability to export.…”

Section: Literature Reviewmentioning

confidence: 99%

Türkiye’de Frmaların Finansmana Erişiminin Belirleyicileri Nelerdir?

Özşuca¹

2020

TurkishStudies

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The relationship between the financial sector and private non-financial sector deserves particular attention given the incontestable importance of the private sector as an engine of economic growth and job creation. Notwithstanding this importance, however, the evidence is highly suggestive that Turkish firms are confronted with obstacles in accessing formal financial services. Along these lines, this paper provides new empirical evidence for the determinants of access to finance by the enterprises in Turkey. In particular, the study investigates some enterprise-specific characteristics that may have an impact on a firm's ability in accessing finance to scrutinize whether Turkish firms are credit constrained. The empirical analysis is based on micro level data from the World Bank's Enterprise Survey for the fiscal year 2019. Three different measures of credit constraint are computed; a subjective measure based on perception and two objective measures based on the usage of formal financial services and direct information on credit constraints. Employing both subjective and objective measures of credit provide means for assessing the extent to which and how key determinants among firms' characteristics displays variation between enterprises categorized by alternative credit constraint measures. Overall, the findings of the study reveal that the age of the firm, experience of the current manager, female/foreign participation in ownership and exporter status are found to be significantly associated with the firm's access to finance. Notably, the results display several differences in underlying firm level factors for credit situation among subcategories based on alternative credit indicators. The findings of the study are of remarkable importance for designing policy to improve firms' credit constraints and advance bank-firm connectedness in Turkey.

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Section: Literature Reviewmentioning

confidence: 99%

Türkiye’de Frmaların Finansmana Erişiminin Belirleyicileri Nelerdir?

Özşuca¹

2020

TurkishStudies

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“…Rath and Akram [27] confirm that export diversification positively effects total productivity growth in the South Asian region, thereby helping to reduce growth volatility. [28], find that improving access to finance and financial development allows companies that operate outside capitals or big cities to easily access export markets. This access promotes the development of industries and the introduction of new export products as well as the capital flight.…”

Section: Empirical Reviewmentioning

confidence: 99%

Export Diversification and Capital Flight in Cameroon

Gautier

2020

AJEBA

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The aim of this study is to show the effect of export diversification on capital flight in Cameroon over the 1984-2015 period. The Autoregressive Distributed Lags (ARDL) method is used. The results show that the export diversification promotes capital flight in Cameroon. The main recommendation is to ensure efficiency and transparency in the export diversification process in order to fight corruption, report the net worth of exported goods and fight capital flight.

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“…Access to finance: According to [20], access to finance reduces liquidity and credit constraints which in turn provides a firm the resources to compete in foreign markets.. The ease of accessing finance is linked with well-functioning and efficient markets that provide incentives such as external finance which may allow firms to undertake decisions on projects that are risky but have high returns such as exporting [5].…”

Section: The Business Environment and The Decision To Export And Expomentioning

confidence: 99%

Determinants of Export Decisions by Manufacturing Firms in Botswana

Sebolao¹,

Sekwati²,

Bakwena³

2019

IJBER

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The paper examines determinants of export decisions and export intensity by manufacturing firms in Botswana, a developing country in Sub-Saharan Africa. Manufacturing, is one of several sectors through which the government seeks to pursue the all-important diversification of the economy. Botswana's economy is heavily dependent on a diamond sector that in recent years has been declining, and is expected to decline further as diamond resources dwindle. Manufacturing is one of the sectors expected to play an important role in driving the expansion of the economic base. This paper contributes to the debate on policies to promote the growth of the sector. The paper examines factors likely to influence firms decisions to participate in global markets. Global markets provide a higher potential for firms to grow and make a meaningful impact in the economy. The paper applies Probit and Tobit models to firm level data to identify determinants of the decision to export and analyse export intensity respectively. The results of the Probit model show that firm age, firm size, human capital and access to finance increase rge likelihood of entering the export markets. On export intensity, results from the Tobit model show that firm size, human capital and firm location matter. The results suggest that economic gains can be expected from improving access and quality of education. Access to finance, and sea ports. Sector specific policies are also likely to benefit firms in textile and garments and chemicals.

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Access to Finance, Financial Development and Firm Ability to Export: Experience from Asia–Pacific Countries

Cited by 37 publications

References 41 publications

Türkiye’de Frmaların Finansmana Erişiminin Belirleyicileri Nelerdir?

Türkiye’de Frmaların Finansmana Erişiminin Belirleyicileri Nelerdir?

Export Diversification and Capital Flight in Cameroon

Determinants of Export Decisions by Manufacturing Firms in Botswana

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